Among the most volatile stocks traded on October 10 were: K12, Inc, Human Genome Sciences Inc, Tangoe, Inc, Magnum Hunter Resources Corp, and Cobalt International Energy, Inc. These stocks are risky as they have high volatility. Since these stocks carry a lot of risk, they will usually provide large returns. This high volatility could be caused by their business strategy or the type of sector they are in.
Shares of K12, Inc. (LRN) traded higher by 9.45% or $2.57/share to $29.77. In the past year, the shares have traded as low as $23.26 and as high as $39.74. On average, 215530 shares of LRN exchange hands on a given day and today's volume is recorded at 184097. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $31.50 represents resistance and the 50-day moving average of $26.83 would be an area of support.
Shares of Human Genome Sciences Inc. (HGSI) fell by 6.17% or $-0.74/share to $11.26. In the past year, the shares have traded as low as $11.05 and as high as $30.15. On average, 4503700 shares of HGSI exchange hands on a given day and today's volume is recorded at 2187161. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $13.96 area but be careful because the stock may face selling pressure at this level.
Shares of Tangoe, Inc. (TNGO) fell by 0.93% or $-0.11/share to $11.67. In the past year, the shares have traded as low as $8.01 and as high as $14.43. On average, 193890 shares of TNGO exchange hands on a given day and today's volume is recorded at 15344. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $11.40 area.
Shares of Magnum Hunter Resources Corp. (MHR) traded higher by 13.77% or $0.46/share to $3.8. In the past year, the shares have traded as low as $2.33 and as high as $8.66. On average, 3535980 shares of MHR exchange hands on a given day and today's volume is recorded at 2568107. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $4.46 area but be careful because the stock may face selling pressure at this level.
Shares of Cobalt International Energy, Inc. (CIE) traded higher by 10.81% or $0.84/share to $8.61. In the past year, the shares have traded as low as $6.30 and as high as $17.22. On average, 1039040 shares of CIE exchange hands on a given day and today's volume is recorded at 233465. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $9.40 area but be careful because the stock may face selling pressure at this level.
